Redefining the fabric of work: GenAI moves from pilot to rollout stage

A recent Harvard Business Review study found that 44% of all working hours across industries have the potential to be impacted by generative AI (GenAI). The biggest opportunity is in banking, where 72% of working hours can potentially be transformed by generative AI. In insurance and capital markets, it is 68% and 67%. For retail, travel, health and energy sectors, the number of working hours that GenAI could potentially transform is 40%-50%.

“The very fabric of work will be redefined by GenAI,” says Deepa Param Singhal, vice president, Cloud Applications, Oracle India, pointing out that GenAI is driving a technological revolution akin to the revolution of the internet or mobile communications.